Meta Platforms (FB); Former Facebook

[winston]

vested

Meta (FB.US) Reportedly Plans to Launch Virtual Coins, Tokens, Small Biz Loan Service

Meta (FB.US) has devised relevant plans to introduce virtual coins, tokens and
loan services through its applications, reported Financial Times.

Keen on identifying new sources of revenue and innovative functions that could
retain its users, Meta has directed Meta Financial Technologies, a financial arm of Facebook, to engage in the creation of a virtual currency, the report added.

In addition to that, Meta has likewise been looking into the relatively more traditional financial services, with a focus on providing loan services to small businesses, sources revealed.

Source: AAStocks Financial News

[winston]

vested

Meta Plans to Unroll 1st AR Glasses in 2024: Report

Meta Platforms, Inc. (FB.US) aims to roll out the first AR glasses in 2024, a lighter and more advanced version in 2026, and a third-generation model in 2028, as The Verge cited people familiar with the matter.

Source: AAStocks Financial News

[winston]

vested

Facebook Makes a Huge Controversial Move

Meta plans to take a big chunks sales made by its metaverse creators as fees, prompting some angry responses on social media.

by ROB LENIHAN

Meta is planning to take an overall cut of up to 47.5% on the sale of digital assets on Horizon Worlds.

The overall charge comprises of 30% hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets, and a further 17.5% cut as its Horizon platform fees.

"Over time, as we expand Horizon Worlds to more platforms - other companies will charge their own platform fees and so that portion may not go to Meta."

Source: The Street

https://www.thestreet.com/technology/fa ... ial%2BMove

[behappyalways]

Meta Paid $26.8 Million For Mark Zuckerberg's Security In 2021
https://www.zerohedge.com/markets/meta- ... urity-2021

[winston]

vested

Is Meta the next tech stock to get routed like Netflix?

by Brian Sozzi

Brand advertising weakness out of Western Europe.

Currency headwinds will be a bit of an issue.

Source: Yahoo Finance

https://finance.yahoo.com/news/is-faceb ... 06868.html

[winston]

vested

Ju of CS slashed Meta Platforms Inc's (NASDAQ: FB) price target from $336 to $272 (40.5% upside) and maintained an Outperform.

Meta maintained the Outperform based on:
1. the potential for better-than-expected ad revenue growth on product innovation (Facebook Shops, Search in Marketplaces, etc.)
2. conservative Street models underestimating the long-term monetization potential of other billion-user properties like Messenger and WhatsApp
3. optionality for faster FCF growth on greater efficiency on content screening/security costs.

Near-term checks indicate in-line ad revenue with minor adjustments to the 1Q22 revenue projections.

Ju chose to decrease the ad revenue forecasts for 2023-beyond to contemplate mid-to-high teens nominal dollars of growth every year.

Source: Benzinga

[winston]

vested

Meta Earnings Are Coming; Here’s What Matters

by Marty Shtrubel

Adjusting to the ongoing consumer privacy landscape, ad pricing growth will become “more challenged going forward”.

FB will “continue to lose ‘bored’ and ‘second screen’ time” to TikTok.

FB’s Moderate Buy consensus rating is based on 33 Buy reviews, 13 Holds and just a single Sell.

The analysts see big gains ahead; going by the $314.95 average price target, the shares will add ~71% over the next 12 months.

Source: Tip Ranks

https://www.tipranks.com/news/article/m ... gn=twr_sun

[winston]

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Meta Stock Surges After Q1 Earnings Beat, Facebook Active User Rebound

by MARTIN BACCARDAX

Slowest revenue growth in ten years, but saw a rebound in daily active users that offset a near $3 billion loss in its metaverse division and a softer-than-expected near-term forecast.

The Facebook parent said profits for the three months ending in March were pegged at $2.71, down 17.9% from the same period last year.

Group revenues, Meta said, rose 6.6% to $27.908 billion, nearly all of it coming from the new 'Family of Apps' division the company created last year, missing analysts' estimates of a $28.2 billion tally.

Ad revenues were up 6.1% to $27 billion.

Daily active users last quarter, Meta said the figures rose 4% from last year at 1.96 billion, just ahead of the Street consensus of 1.951 million.

Source: The Street

https://www.thestreet.com/markets/meta- ... %2BRebound

[winston]

vested

Meta Platforms’ Q2 Revenue Outlook Falls Short

Reported a gain in daily active users but it didn’t quite meet Wall Street’s expectations on revenue and its second-quarter outlook doesn’t meet current forecasts, either.

Revenue of $27.9 billion fell short of the $28.3 billion consensus forecast. Meta expects second-quarter revenue of $28 billion to $30 billion, below the $30.7 billion analysts forecast.

CEO Mark Zuckerberg said, given current growth levels, the company is planning to slow some of its investments.

Zuckerberg said Meta will use artificial intelligence to recommend content to users from the entire site, not just what friends and family post.

Meta said it had 2.87 billion daily active people on its services in the quarter, up 6% from a year ago, including 1.96 billion active daily Facebook users in the U.S. and Canada, up 4%.

What’s Next: Zuckerberg said Meta expects to be “meaningfully better than others” at making money on services in the Metaverse, but he also said that a return on investments is years away. He said the company is “laying the groundwork for a very exciting 2030.”

Source: Barron's

[winston]

not vested

Facebook Stock Alert: Is the Earnings Rally Going to Last?

by BRET KENWELL

As for Meta, it was a mixed quarter but it was not as bad as feared.

Earnings slid 17% year over year, but topped analysts’ expectations.

User growth did too, although revenue of $27.9 billion missed consensus estimates of $28.3 billion.

Overall, Meta stock had fallen almost 55% from the all-time high to yesterday’s low.

The stock has been crushed and was left trading at about 14 times this year’s earnings estimate.

The company is struggling at the moment.

When we look at the chart, Meta stock gapped up into and faded from a tough spot. Since its gap down in February, shares have been trapped in a channel. Shortly after today’s open, it tested the midpoint of this channel.

Additionally, Meta stock ran into the declining 50-day moving average and the 50% retracement of the current range since the gap-down in February. Just above these measures is the 21-day moving average and the daily VWAP measure.

If Meta’s rally is for real, it will clear all of these measures, putting the $230 to $235 zone in play. There it finds the 200-week moving average and channel resistance.

On the downside, losing today’s low increases the likelihood that the stock will go on to fill the gap down to $181.21. If it gets there, the 52-week low will technically be vulnerable, down at $169.

Source: The Street

https://www.thestreet.com/investing/buy ... Bto%2BLast?